Dour looking group taking a victory lap:
🇦🇷 MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS
— Mario Nawfal (@MarioNawfal) December 11, 2024
"The deficit was the root of all our evils—without it, there’s no debt, no emission, no inflation.
Today, we have a sustained fiscal surplus, free of default, for the first time in 123 years.
This historic… https://t.co/uszEgPd493 pic.twitter.com/nt5jJGQM1V
Their equity market index responding favorably….
But they have been drastically reducing their risk free rate at the same time:
Peso gonna take off.
ReplyDeleteCongress, maybe even Trump (and Elon, for sure) will look at Argentina and say, "We gotta do that too!"
ReplyDeleteWe need to be pointing out when the party stops. Eventually they will hoover up the Peronist over-expansion and start hitting bone.
ReplyDeleteTheir rate of poverty has been going up while this going on Neil…
ReplyDeletehttps://www.theguardian.com/world/2024/sep/27/poverty-rate-argentina-milei
ReplyDeleteI guess the idea is that these people will get a job in AI… 🤔
ReplyDelete